pendulums hitting earth pendulum The Obama-era guidance permitted plan fiduciaries to use ESG funds’ collateral policy goals as “tie breakers” when selecting one fund over another, so long as the two funds had equal risk and return profiles. (Photo: Shutterstock)

Last April, President Trump issued an executive order promoting the further development of the country’s energy infrastructure.

One provision of the order instructs the Secretary of Labor to review retirement plan data to determine if Environment, Social, and Governance mutual funds made available to plan participants are limiting public investment in energy companies.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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